There has been a notable increase in Russian gas imports to Europe since Q3 2023, despite European sanctions aimed at reducing dependency on Russian energy. In May, Russia overtook the US as the major supplier of liquefied natural gas (LNG) to Europe. This development highlights the challenges faced by European countries in decoupling from Russian energy sources. Nationalized German utility Uniper is facing significant tests in its efforts to manage the cutoff from Russia. Currently, 5% of EU gas continues to flow from Russia through pipelines across Ukraine. ICIS noted that it is striking to see the market share of Russian gas inch higher in Europe after all the efforts made to decouple and de-risk energy supply. Europeans are circumventing their own sanctions.
Russia overtook the U.S. last month as the top gas supplier to Europe – yet another strategic misstep. The Biden Admin must work to unleash American energy. Energy security is national security. https://t.co/XqK2kHSP2g
5% of EU gas continues to flow from Russia through pipelines across the frontlines in Ukraine. Surreal but true! For how much longer? Insights from from Russia Chartbook Top Links today. Curious? Check it out and sign up for more here: https://t.co/McoBQFpmr3 https://t.co/rlO2zrEI2z
In May, Russia OVERTOOK the US as the major supplier of liquified natural gas to Europe. SANCTIONS = A RECORD OF WORKAROUNDS & FAILURE. https://t.co/V4fvULy1TG
Nationalized German utility Uniper is once again facing a test in its cutoff from Russia. The next steps may determine how much longer gas from the latter keeps flowing to Europe, write @petrasorge and @priazrocha https://t.co/ZdXst5Jqey via @markets
“It’s striking to see the market share of Russian gas and [liquefied natural gas] inch higher in Europe after all we have been through, and all the efforts made to decouple and de-risk energy supply.” --ICIS https://t.co/y7caBV3suv #energy #NaturalGas #shale #fintwit #oilandgas… https://t.co/x2b24MVDsR
There has been a quiet uptick in Russian gas imports since Q3 2023. The Europeans are circumventing their own sanctions. https://t.co/IRnET9qnvK